Interactive Brokers Group (NASDAQ:IBKR) Downgraded to “Sell” at Goldman Sachs Group

Interactive Brokers Group (NASDAQ:IBKR) was downgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Monday, January 8th. They presently have a $59.00 price objective on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential downside of 9.77% from the company’s previous close.

Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks lifted their price target on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Interactive Brokers Group presently has a consensus rating of “Hold” and an average target price of $50.33.

Shares of Interactive Brokers Group (NASDAQ IBKR) traded down $1.41 during trading hours on Monday, reaching $65.39. 646,394 shares of the company traded hands, compared to its average volume of 853,117. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $67.42. The firm has a market cap of $26,345.07 and a price-to-earnings ratio of 61.11.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The firm had revenue of $515.00 million for the quarter, compared to analyst estimates of $398.05 million. During the same period last year, the business earned $0.07 EPS. Interactive Brokers Group’s revenue for the quarter was up 166.8% compared to the same quarter last year. analysts anticipate that Interactive Brokers Group will post 2.08 EPS for the current fiscal year.

In other Interactive Brokers Group news, insider Thomas Aj Frank sold 54,903 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $54.21, for a total transaction of $2,976,291.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 32,000 shares of Interactive Brokers Group stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The disclosure for this sale can be found here. Company insiders own 3.41% of the company’s stock.

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $177,000. Riverhead Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares in the last quarter. Advisor Partners LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $206,000. Finally, Creative Planning purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $206,000. 15.79% of the stock is currently owned by institutional investors and hedge funds.

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About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Analyst Recommendations for Interactive Brokers Group (NASDAQ:IBKR)

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